Inteva Expands Pune Plant to Boost India’s Automotive Capacities
US-based Inteva Products LLC is investing USD 3.3 million to expand its Chakan plant in Pune, increasing production space by 70% and creating 100 new jobs. The expansion is aimed at meeting the rising demand in India's automotive industry, aligning with the country's push for manufacturing self-reliance.
- Country:
- India
US-headquartered Inteva Products LLC revealed plans for a significant expansion of its Chakan plant in Pune, India, marking a USD 3.3 million investment to bolster its production capabilities. The expansion will increase the plant's production space by 70%, making room for new production lines serving both domestic and global markets.
The expansion is structured to respond to the burgeoning demand in India's automotive sector, generating 100 new employment opportunities in Pune. This strategic move aligns with India's self-reliance goals in manufacturing, as highlighted by Gerard Roose, President and CEO of Inteva Products, who emphasized the firm's commitment to reinforcing its presence in India.
The company's Pune facility specializes in automotive components like side door latches and window regulators, supplying major automakers in India and exporting to South Africa and North America. This development underscores Inteva's intent to strengthen its supply chain and its role as a key player in the global automotive industry.
(With inputs from agencies.)
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